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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

Today

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Lucapa, partners unearth eighth diamond greater than 100ct in Angola

16 november 2017
Lucapa Diamond and its partners Endiama and Rosas & Petalas have recovered an “exceptional” high-value 129.58 carat diamond from the Lulo diamond project in Angola.
The Type IIa D-colour gem, said Lucapa, was recovered was recovered from alluvial Mining Block 6 along with another large high-value diamond weighing 78.61 carats.
“This is the eighth +100 carat diamond the Lulo partners have recovered to date and the seventh in just 2.5 years of commercial mining from relatively low throughout rates,” said company managing director Stephen Wetherall.
“Explosive and erosive geological forces have deposited these very rare and valuable diamonds in a relatively localised area at Lulo. These localised recoveries, and other indicators, point to the huge potential of a large stone primary kimberlite source at Lulo.”
He said the partners would continue to “systematically” advance their efforts to locate the primary diamond source with an ongoing drilling programme funded from the strong returns being generated from the Lulo alluvial mining operations.
“Having started with a list of more than 200 anomalies, the Lulo partners are now working through a list of 70 prioritised drilling targets, systematically eliminating low interest kimberlites,” said Wetherall.
“We continue to assess ways to speed up this systematic drilling and sampling program – an approach we believe provides the best opportunity to unlock Lulo’s true value.”
The eight +100 carat diamonds recovered by the Lulo partners came from three different alluvial mining areas - Mining Blocks 6, 8 and 28 - spanning approximately 6km along the Cacuilo River.
The largest of the +100 carat Lulo diamonds, the 404 carat 4th February Stone, produced the 163 carat flawless gem which forms part of a jewellery piece that was sold in Geneva, Switzerland, this week.
 
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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